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Barchart
Rich Asplund

Coffee Prices Under Pressure as Brazil Coffee Harvest Accelerates

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Sep arabica coffee (KCU23) on Wednesday closed down -0.55 (-0.35%), and Sep ICE robusta coffee (RMU23) closed down -36 (-1.40%).

Coffee prices Wednesday settled moderately lower on Brazil's coffee harvest pressures.  However, losses in arabica were limited by strength in the Brazilian real (^USDBRL) as the real Wednesday climbed to a 1-week high against the dollar.  A stronger real discourages export selling from Brazil's coffee producers.  

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